Financial infrastructure platform Stitch has raised $25 million in Series A funding, led by a16z.

CoinFeed reported on May 14th that financial infrastructure platform Stitch announced the completion of a $25 million Series A funding round, led by a16z, with participation from Arbor Ventures, COTU Ventures, Raed VC, and SVC. Stitch stated that financial institutions are currently slow to launch and unable to keep up with AI development due to fragmented legacy systems. Stitch addresses this issue by providing a unified platform and APIs through a unified ledger, financial primitives, and workflows.